Already told you.. 100m loss is small scale for Sapura
vs 4.5 billion contracts already secured this year (and counting).

64sen is already undervalued at 0.4x its actual value of 1.58 per share. Now it is safer to buy more Sapura shares and keep for mid-long term.

Cheers!

60sen possible.. if price fall dumped further.
50sen go buy from your nenek
40sen can go buy from SuperPanda

Hope PNB (under Zeti)will help to give Capital Injection to Sapura like how they helped Velesto. PNB is a huge Financial House and among largest shareholder of Sapura.

130m loss got minor impact since 60sen is already way-way undervalued. Got another 3 quarters to go with 4.5 Billion contracts secured in hand.

With the E&P coming soon.. i wont worry. Will just hold my 50sen boat and may purchase more as it is safer to invest in Sapura now.

Its a V-shape graph.

At least PNB dont sell Sapura shares like how it sell Velesto shares. PNB knows Sapura has much got much better potential.

PNB dumped valesto shares in April. Thats why valesto dropped badly then.

Anyway.. Valesto revenue is ard 500m a year. Sapura ravenue is worth over 5 Billion a year.

Dont compare small apple to Durian la.

Nolah.. Superpanda. I dont think it will be that bad tomorrow. Dont make people scared and cry la. So bad of u. Hahaha.

Yes Sapura made loss and revenue drop badly for Q1. But that was the past becoz there were less jobs in FY2018. But Sapura also got value and unlike Velesto, sapura has already secured huge contracts worth 4.5B for FY2019.

The 130m loss is within expectation. NTA dropped 1sen from 1.59 to 1.58 only. Why should the share price drop so extreme from 60sen to 40sen if NTA drop only 1sen. That is trully extreme.

One thing for sure.. it will drop few cents down before it rebound again.

Sapura got bigger value.

JJChan.. i tot Shahril is closer to Mokhzani & Dr M. Perhaps Zeti's appointment as PNB chairman may inject cash into Sapura soon :P

Afterall, PNB is one of the biggest shareholder of Sapura Energy.

Just a thought :P

Only E&P Listing can help to cushion up Sapura share price for now. Hope the 4.5 billion contracts and SK308 Gas can start conribute to Q2 2019 revenue immediately.

Now have to wait for another 3 months for next QR result. Share price will probably fall on Monday, but I believe it will stabilise on the same day becase of Sapura's potential in the mid-long run.

100m loss is nothing compared to 2billion loss last QR. It is a V-shape graph actually.. Next QR should possibly be green.

Q1 2018 = revenue 1.7b / 27m profit
Q2 2018 = revenue 1.6b / 28m profit
Q3 2018 = revenue 1.2b / 274m loss
Q4 2018 = revenue 1.1b / 2200m loss
Q1 2019 = revenue 1.0b / 130m loss.

See the V shape..
Q2 2019 should be green again & share price will eventually rebound after fall due to E&P listing & huge contracts to kick in soon.

Cheers!

More press release from Sapura today..

Sapura Energy aims to maximise value with listing of E&P asset

KUALA LUMPUR: Amidst the ongoing upturn in the oil and gas (O&G) industry, Sapura Energy Bhd is evaluating plans to maximise value for shareholders including a potential listing of its exploration and production (E&P) business and undertaking a capital raising exercise.

According to a company statement announcing its results for the first quarter ended April 30, 2018 (Q1FY19) yesterday, Sapura Energy said it remained committed to strengthening its financial position, reflecting the O&G-related group's readiness to reassess and redefine its businesses and act ahead of time.

Commenting on the move, Sapura Energy president and group chief executive officer Tan Sri Shahril Shamsuddin said the group had always been progressive and dynamic in its strategy and business decisions.

“These initiatives are part of our overall strategy while we continue to refine our plans to be ready for the upturn and stay ahead of the competition.

“We believe this is an opportune time for us to consider these initiatives to maximise value for our shareholders besides strengthening our balance sheet by paring down our debt,” he said.

Against the backdrop of increased investments in the O&G industry following the crude oil price upturn, market observers believe that it is now opportune for Sapura Energy to strengthen its financial position and list its E&P business to give better value to shareholders.

Crude oil prices have surged to around US$78 a barrel yesterday compared to US$67.78 at the end of Sapura Energy’s financial year ended Jan 31, 2018 and at below US$50 a year ago.

Sapura Energy also made significant milestones in the E&P business in Q1 FY19, including taking a final investment decision to develop the Gorek, Larak and Bakong blocks as phase 1 of its SK408 gas fields, which represents a critical milestone in unlocking the value and providing visibility of its long-term gas monetisation plans in Sarawak.— Bernama

https://www.thestar.com.my/business/business-news/2018/06/30/sapura-energy-aims-to-maximise-value-with-listing-of-ep-asset/#QY2zfqbMgijlAHqo.41

Noted SuperPanda.
will buy more if it falls to that level.

One thing for sure.. Sapura is good for mid-long term.

I maintain my 50sen boat for mid-long term

Relax la..

Those who hold can just hold. Price will likely fall a bit on Monday morning but will stabilise the same day. 100m loss is within analyst expectation & lower than Superpanda's 200m loss prediction eventhough with only 1b revenue.

The last time QR 2b loss, sapura fell to from 53sen to 50sen but rose back to 60sen within a week.

This time only 100m loss, it is a V-shape graph actually.. Next QR should be green.

Q1 2018 = revenue 1.7b / 27m profit
Q2 2018 = revenue 1.6b / 28m profit
Q3 2018 = revenue 1.2b / 274m loss
Q4 2018 = revenue 1.1b / 2200m loss (2b impairment)

Q1 2019 = revenue 1.0b / 130m loss.
Q2 2019 =

NTA fell 1sen only, from 1.59 to 1.58 per share.

Now we all know that the worst is over.. lets buy more. Cheers!

Tomorrow morning will gap up again.

Sapura will Gap Up again tomorrow morning.
DJ up, Oil Up

Last QR was announced on 28 March 2018 during Lunch Time.

All the best!!

Should will Gap Up tomorrow.
If QR positive, price will break above RM 1.00 towards nta 1.59

If QR slight loss, no affect on price as it is expected within consensus, but people will still buy due to its never ending incoming contracts and continuous development in Gas Fields.

Cheers!

Weii.. this is Sapura forum.

Rm1 is still cheap..

All Oil n Gas rrach its NTA when QR return to profit. If Sapura to follow the same, its NTA is 1.59.. So sapura may fly to 1.50 if QR profit.

If QR loss.. So what? 2billion last QR loss an it only fell from 53 sen to 50sen. and rebound the next day.

Buy.. buy..!!

I also think small profit this Q1 by supported by new Gas production

No delay in QR.. no reason to delay.. why should they delay?
For Sapura, QR is always out within the last week of the month.

Not sure how much lower KLCI can drop.. but it is already at 1 year low.
Should see technical Rebound soon.

I bought my 50sen boat right after Sapura announce 2b loss for Q4 2018 amd still maintain this block of shares until today.

Agree with Mobuzz..
Sapura will definitely go above RM1 soon.
If QR turns profit. July will become rm1.50 easily ard its NTA like other Malaysian OnG stocks.

Today.. Not holding Sapura shares is a risk u cannot ignore.

@ Betkaukau

My 50sen boat remain for mid-long term. Will only sell above rm1.

I also collect Sapura C64 last week @ 9.5sen in bulk, now close 12sen today.

I am very very confident sapura will return to above rm1 soon and will no longer be a penny stock.

Other OnG company like Dayang, Hibiscus, Dialoq, Armada.. already above NTA. Only sapura price is unjustified way way below NTA at 0.4x book value.

Betkaukau..

I think Sapura will easily reach RM 1.00 in 1-2 months even if QR slight loss within consensus. But hopefully the new Gas revenue will boost Q1 result back to slight profit tomorrow.

All the contracts kicked in already in Q1-Q3, no reason for Sapura to make loss in FY2019.

All eyes on Q1 FY2019 result tomorrow (Sapura usually announce during lunch time). Todays volume shows good buying interest.

Cheers to all!

More reason for uptrend in mid-long term this year.. even if Q1 2019 next week declare slight loss.

Why? Here is FY2019 achivement.. no way for it to go down.

Jan 2018 - Bags 5 contracts worth 1.47 billion
Feb 2018 - Bags another 5 contracts worth 0.905 billion

Mar 2018 - Bags EPCIC Pegaga project worth 3.08 billion

Mar 2018 - SK310 B15 Gas Field started production & new major source of Gas revenue

Mar 2018 - Received 5 offshore exploration permits in New Zealand
Mar 2018 - Won bid in Mexico's most contested block

April 2018 - To develop 2nd major SK408 Gas Field along with Petronas & Shell (sapura energy to self-finance, no loan required)
May 2018 - SKD Esperanza secured contract with Enquest worth USD100K per day for at least 3 months (April-June 2018)

May 2018 - PH wins GE14, Mokhzani & Shahril meets Tun M

June 2018 - Sapura won 9 contracts worth 1.8 Billion

Total contracts won this year FY2019 alone is worth 4.2 BILLION (not including Gas revenue). This 4.2B is worth 2.5x fold of Sapura's revenue from the preceeding of FY2018, and increased orderbook value to RM18.3bil.

Hopefully the new Gas revenue (which commence from Mar 2018) will turn Q1 result to green.

Hibiscus is a good stock but already way overvalued by 1.5x NTA. It wont potentially go far by end of this year compared to Sapura.

Looking at the books, I rather buy Sapura at 80sen compared to Hibiscus at 80sen.

Sapura NTA 1.59 ringgit stock
Hibiscus NTA 55sen penis stock

Better buy Sapura.. undervalued stock with group's total YTD comtracts worth 4.2 Billion and orderbook value at RM18.3bil, equivalent to a 2.4 times revenue cover for FY19.

Wow.. WTI Crude index skyrocket 5%..!!

QR expected to be released on 26 June 2018.

Q12019 QR covers 1 Feb 2018 - 30th April 2018, where most of the contracts came in + Gas revenue commencing from March 2018 onwards.

Could be slight loss or slight profit. Hope the Gas revenue can turn the QR into profit.

Sekian, terima kasih.

WTi & Brent Crude oil starting to rebound.

Good night everyone.. tomorrow we watch the show together.

Sapura Revenue jump 3x fold.. and counting.

Keep sapura shares is just like keep fix deposit with 100% return per annum.

Cheers!

Buy Sapura C64 call warrant is now a quick rich scheme :P :P

If combine with positive QR next week,
Sapura will no longer be a penny stock in July 2018 onwards.

Not holding Sapura shares is a risk :P

With the 1.8 Billion contract news.. revenue jumped by 3x fold compared to preceeding year..

+ New SK310 Gas revenue since March 2018 belum kira lagi..

No reason for Sapura to not to make Profit in FY2019. I am no longer looking at Q1 anymore.

Will be rosie from now onwards.

Mid to Long term is definitely good.. 3x fold revenue jump

KUALA LUMPUR (June 21): Leading oil and gas services provider Sapura Energy Bhd has bagged nine new contracts worth approximately RM1.8 billion, bringing its accumulative contract wins to-date to RM4.5 billion for the group.

The combined value of the contracts represent a three-fold jump or an increase of nearly 250% compared to the value achieved in the corresponding period of the previous year, between February to June 2017, the group said in its filing to the exchange today.

Sapura QR usually released last week of the month.. most probably next week.

This one just came fresh from oven..

http://www.upstreamonline.com/live/1517729/pemex-hands-sapura-pipeline-epc-deal

This year alone Sapura won contracts worth at least 7.5 Billion.. wow!!

Not including new gas revenue from SK310 B15 Gas Field since March 2018.

If next week QR breakeven or profit, sure will limit up..
Sapura 60sen will hit RM 1.00
Sapura C64 Call warrant 10 sen will become 40-50sen

Right now.. Not holding Sapura is a risk u can no longer ignore :)

Buy.. buy..!! Laii.. Laiii.. Laiii..!!!

Jan 2018 - Bags 5 contracts worth 1.47 billion 

Feb 2018 - Bags 5 contracts worth 0.905 billion 

Mar 2018 - Bags EPCIC Pegaga project worth 3.08 billion 

Mar 2018 - SK310 B15 Gas Field started production & new major source of Gas revenue 

Mar 2018 - Received 5 offshore exploration permits in New Zealand 

Mar 2018 - Won bid in Mexico's most contested block 

April 2018 - To develop 2nd major SK408 Gas Field along with Petronas & Shell (sapura energy to self-finance, no loan required) 

May 2018 - SKD Esperanza secured contract with Enquest worth USD100K per day for at least 3 months (April-June 2018) 

May 2018 - PH wins GE14, Mokhzani & Shahril meets Tun M salam salam minum kopi saja, for restu & good luck maa..

June 2018 - Sapura won contracts worth 1.8 Billion from SK408 Sarawak Shell, India, Mexico & Australia

It may not have any affect on coming Q1 result next week.. but will definitely catch investors attention to drive the price up tomorrow n next week.

Big funders seek mid to long term goals. Tomorrow will definitely gap up!

Any contract is good contract. This is contract worth 1.8 Billion.. it will definitely contribute positively in the long run and will lure more investors to buy this shares tomorrow.

Good news to all of us here!!

Lets hear new TPs tomorrow morning :)

Is quite common Sapura usually announce result during the last week of the month. And usually during lunch break.

AmInvest, Kenanga & MQ already indicate "ourperform" rating for Dialoq and Sapura.
Hibiscus pun tak dapat "outperform" rating.

Can "outperform" rating be a loss?

Outperform can only mean one thing.. Higher than expected revenue & PROFIT LIAWW..!!

SuperPanda..

The one u mention that will only contribute in FY21 is SK408, this one still WIP for long term.

Gas production revenue already started in March 2018 from SK310 B15 block.. this is new source of revenue for Sapura & will reflect in Q1 2019 result.

Hopefully this will add few hundreds of million in Q1 2019 revenue.

8 June 2018

Macquarie Equities Research (MQ Research) upgrades oil and gas services provider Sapura Energy (SAPNRG) to Outperform with a price target of RM1.00 in a report released yesterday, reflecting SAPNRG's long-term value in the exploration & production (E&P) and engineering & construction (E&C) segment.

SAPNRG's share price fell 2.3% to RM0.635 yesterday and is down 10.6% year-to-date (ytd).

Outperform With a TP of RM1.00 – Inflection Point

MQ Research upgrades SAPNRG to Outperform (from Underperform) with a new sum-of-parts (SOP) based price target of RM1.00 (from RM1.35), MQ Research’s top pick for the sector. SAPNRG is expected to post a smaller net loss in FY19E, however, MQ Research’s valuation reflects the long-term value in the E&P and E&C segment, underpinned by a production ramp-up in the SK408 gas field development and rebounding offshore capex, respectively.

An E&P spin-off could be a major catalyst in the near term, funding SK408 capex and reducing group debt. Bull and bear case scenario valuations are RM0.24 and RM1.93, respectively.

MQ Research believes the E&P and the E&C segments are headed for an inflection point. Offshore capex is showing strong signs of recovery on stronger oil prices, supporting MQ Research’s base case RM5.5bn orderbook wins for FY19E (RM2.7bn won ytd). SAPNRG plans to triple E&P production to ~12mmboe/yr by FY21, nearly tripling revenues. More importantly, the payoff could be brought forward if SAPNRG manages a spin-off of the E&P assets in the next 12 months.

Sape2 mau skim cepat kaya beli Sapura C64 call warrant.. now only 10sen.

Kenanga & AmInvest already indicate
Q1 F2019 prelim result is outperformed for Dialoq & Sapura.. why worry?

Next week Sapura will fly.

For Q4 2018, many analyst predict Bad QR due to huge impairment loss,
Actual result: Very True.

for Q1 2019, Kenanga & AmInvest already indicated "outperform" result..
can it be wrong? Only time will tell..

Any info on QR release date?

The recent support indicates good QR. The only quaetion now is.. when is the QR to be announced. Better to buy just before QR.